6 Ultra Short Term Bond ETFs as Cash Alternatives

For example, the PIMCO Enhanced Short Maturity ETF (NYSEArca: MINT) has a 2.41% 30-day SEC yield and a 0.52 year duration. The Invesco Enhanced Short Duration Bond (NYSEArca: GSY) has a 2.25% 30-day SEC yield and a 0.1 year duration. The SPDR SSgA Ultra Short Term Bond ETF (NYSEArca: ULST) has a 2.11% 30-day SEC yield and a 0.23 year duration. The iShares Short Maturity Bond ETF(NYSEArca: NEAR) has a 2.35% 30-day SEC yield and a 0.49 year duration.

Potential investors should be aware that these active ultra-short-term bond ETFs include corporate debt exposure with some lower quality investment-grade debt exposure, which may have contributed to their relatively higher yields.

Additionally, investors can look at conservative short-duration Treasury bond ETFs, such as the iShares Short Treasury Bond ETF (NYSEArca: SHV), which has an effective duration of 0.42 years and 1.81% 30-day SEC yield, and the SPDR Barclays 1-3 Month T-Bill (NYSEArca: BIL), which has a 0.15 year duration and a 1.60% 30-day SEC yield.

For more information on the fixed-income markets, visit our bond ETFs category.